Royal Philips Electronics announced that it has agreed to acquire Israel-based PACS provider CDP Medical Ltd, a subsidiary of medical device distributor Medtechnica Ltd.

Founded in 2000, CDP Medical employs a staff of 20 and has achieved nearly 300 hospital and clinic installations worldwide. Following the closing of the deal, which is still pending governmental approval, the business will become part of Philips Healthcare’s Patient Care and Clinical Informatics business.

“The acquisition of the CDP business complements our current iSite PACS offering and allows us to better tap into certain high-growth market segments, geographically,” said Philips Healthcare CEO Steve Rusckowski.

The deal follows Philips’ recent acquisition of Brazilian health care information system provider Tecso Informatica.